| **Press Release
Source:      Hesperia Holding, Inc.** 

Hesperia Holding, Inc.Announces Completion of $1,000,000 Line of Credit**
Monday August 2, 5:30am ET

 

HESPERIA, Calif., Aug.2 /PRNewswire-FirstCall/ -- Hesperia Holding, Inc. (OTC Bulletin Board: HSPR- News) announced today the completion of an asset based credit line for$1,000,000 with Mercantile Capital, LP. HSPR intends to utilize the credit linefor working capital to sustain the 33% annual growth rate the Company hasaveraged over the past 2 years. The Company has already received its firstinstallment of $200,000.

 

Mercantile Capital, LP.is a commercial finance company located in Wynnewood, Pennsylvania. MercantileCapital, LP. provides custom-tailored, relationship-based credit facilities andfinancial services, concentrating on small and mid-sized companies. Mercantilespecializes in asset-based revolving lines of credit and the purchase ofaccounts receivable.

 

In addition, HSPR hasbeen working with several other potential financing sources for capital to beused in the expansion and modernization of its Pahrump Valley Truss, Inc.division in Pahrump, Nevada.

 

About Hesperia Holding,Inc.,

 

Hesperia Holding, Inc.,through its wholly owned subsidiary, Hesperia Truss Inc., designs, engineers andmanufactures roof and floor trusses that serve both the residential andcommercial construction industry. Hesperia Truss Inc. was founded in 1993 inHesperia, California by Don Shimp and Mark Presgraves. The Company has sincegrown to annual revenue of $8.4 million in 2003. Its market area includes thefast-growing High Desert Region and Inland Empire areas of California. HesperiaHolding, Inc. currently employs approximately 105 non-union people on its five-acre facility in Hesperia, California.

 

Forward-LookingStatements: The statements in this press release regarding the MercantileCapital line of credit, the Company's growth rate, future opportunities and anyother effect, result or aspect of the line of credit and any other statements,which are not historical facts, are forward-looking statements. Such statementsinvolve risks and uncertainties, including, but not limited to, costs anddifficulties related to the Company's operations, ability of the Company tocomply with the requirements of the line of credit, availability of funds underthe line of credits, costs, delays, and any other difficulties related to theCompany's business plan, risks and effects of legal and administrativeproceedings and governmental regulation, future financial and operationalresults, competition, general economic conditions, and the ability to manage andcontinue growth. Should one or more of these risks or uncertainties materialize,or should underlying assumptions prove incorrect, actual outcomes may varymaterially from those indicated. Important factors that could cause actualresults to differ materially from the forward-looking statements we make in thisnews release include market conditions and those set forth in reports ordocuments we file from time to time with the United States Securities andExchange Commission. We undertake no obligation to revise or update suchstatements to reflect current events or circumstances after the date hereof orto reflect the occurrence of unanticipated events.

 

For moreinformation on Hesperia Holding, Inc., visit:

www.hesperiatrussinc.com

 

HesperiaHolding, Inc.

9780"E" Ave., Hesperia, Calif. 92345

ForInvestor Relations please call 1 760 947-1378

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